Author Archives: Erick Mokaya

Martin Lundstedt, President and CEO Declining sales but improved operating profits reflective of cost cutting efforts “Sales decreased with 7% to 3%, excluding FX and divested units, the underlying performance of the business improved from 7.1% to 7.8%, and in … Continued

(Available at https://www.pscmevents.com/2q-quarterly-conference-call/ till Wednesday, August 3, 2016) Bill Ackman, Founder and CEO Q2 performance positive but year to date negative “Q2 [performance] was between 5 and 6 % depending upon the funds. The performance month to date is between 3 and … Continued

(From https://www.ecb.europa.eu/press/pr/date/2016/html/pr160721.en.html) Rates left unchanged “…the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% … Continued

https://www.ecb.europa.eu/press/pressconf/2016/html/is160721.en.html Mario Draghi, ECB President Financial markets were resilient post-Brexit with help from central banks “Following the UK referendum on EU membership, our assessment is that euro area financial markets have weathered the spike in uncertainty and volatility with encouraging … Continued

Intelligence report on businesses and consumer actions post-referendum (http://www.bankofengland.co.uk/publications/Documents/agentssummary/2016/jul.pdf) Little to moderate change in annual rate of activity growth “The annual rate of activity growth had remained moderate and little changed in the month up to the EU referendum. Consumer … Continued

Ericsson’s (ERIC) CEO Hans Vestberg Q2 2016 Results Negative top line growth and declining bottom line “If you look into the sales first, you can see that we now have 10 out of 11 regions coming down… And then, the … Continued